Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) Sees Large Growth in Short Interest

Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 83,452 shares, an increase of 50.9% from the January 29th total of 55,286 shares. Based on an average daily volume of 412,312 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 412,312 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Global X 1-3 Month T-Bill ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 3EDGE Asset Management LP raised its stake in shares of Global X 1-3 Month T-Bill ETF by 0.3% in the 3rd quarter. 3EDGE Asset Management LP now owns 45,050 shares of the company’s stock worth $4,523,000 after buying an additional 131 shares in the last quarter. United Advisor Group LLC raised its position in Global X 1-3 Month T-Bill ETF by 1.8% in the fourth quarter. United Advisor Group LLC now owns 8,456 shares of the company’s stock worth $847,000 after acquiring an additional 152 shares in the last quarter. Compass Financial Services Inc lifted its holdings in Global X 1-3 Month T-Bill ETF by 49.0% in the 3rd quarter. Compass Financial Services Inc now owns 626 shares of the company’s stock valued at $63,000 after acquiring an additional 206 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Global X 1-3 Month T-Bill ETF by 13.1% in the 4th quarter. Kestra Advisory Services LLC now owns 2,438 shares of the company’s stock valued at $244,000 after acquiring an additional 283 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF during the 4th quarter valued at about $40,000.

Global X 1-3 Month T-Bill ETF Stock Down 0.3%

Global X 1-3 Month T-Bill ETF stock traded down $0.29 during trading hours on Monday, hitting $100.08. 369,063 shares of the company traded hands, compared to its average volume of 316,828. Global X 1-3 Month T-Bill ETF has a 1-year low of $100.02 and a 1-year high of $100.47. The firm’s 50-day simple moving average is $100.25 and its two-hundred day simple moving average is $100.26.

Global X 1-3 Month T-Bill ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be issued a dividend of $0.303 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.6%.

About Global X 1-3 Month T-Bill ETF

The Global X 1-3 Month T-Bill ETF (CLIP) is an exchange-traded fund that is based on the Solactive 1-3 month US T-Bill – USD index. The fund tracks a market value-weighted index of USD-denominated, zero-coupon US Treasury bills with a time to maturity of one to three months. CLIP was launched on Jun 20, 2023 and is managed by Global X.